SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Reaches New 52-Week High – Here’s Why

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.87 and last traded at $50.6480, with a volume of 1964143 shares trading hands. The stock had previously closed at $49.42.

SPDR Portfolio S&P 600 Small Cap ETF Stock Up 2.5%

The stock’s fifty day simple moving average is $47.55 and its two-hundred day simple moving average is $46.12. The firm has a market cap of $14.39 billion, a PE ratio of 17.02 and a beta of 1.08.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPSM. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth about $27,000. Financial Consulate Inc. bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the third quarter worth approximately $30,000. Compass Financial Services Inc grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 225.9% in the second quarter. Compass Financial Services Inc now owns 756 shares of the company’s stock worth $32,000 after acquiring an additional 524 shares during the period. Lodestone Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at approximately $33,000. Finally, Topsail Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the second quarter valued at approximately $34,000.

About SPDR Portfolio S&P 600 Small Cap ETF

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.